Second or subsequent departments must account for units and costs transferred in from previous departments.

Name: Second or subsequent departments must account for units and costs transferred in from previous departments.
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Question

Quizplus · Accepted Answer

Second or subsequent departments must account for the units and costs transferred in from previous departments as a starting point for their own operations. This is known as the transferred-in cost and is included in the total cost of the subsequent department's output.

Second or Subsequent Departments Must Account for Units and Costs